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Nov 1, 2012
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i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is indicative of what the next couple of months will bring. having said that, sandy will produce jobs. the question is will sandy produce more jobs than president obama did over the course of the last few years. and as far as the numbers, let's keep this in mind. i'm
i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was...
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Nov 1, 2012
11/12
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it's the necessity post-sandy. a lot of gas stations aren't open, and those that are, they might as well have a red velvet rope at the entrance. >> took about two hours, i think. if you have to do it, you have to do it. this is the only place you can come and get gasoline. >> well, we've been waiting here for -- what? over two hours trying to get gas. we're working up in new york city with the flood relief trying to clean up some of that water. we haven't made it there yet. >> reporter: what's behind the long lines? first and foremost, a lack of electricity. gas stations without power, they just can't pump gas. second, some stations that have gas may run out quickly. the new jersey gasoline retailers association says the average station has about a 30,000-gallon tank. on a normal day, it turuns throh one-third of that, about 10,000 gallons. but in a post-sandy world it is going to run through that much sooner. last week some important cogs in the supply chain are without power or damage. the solution for now, truck
it's the necessity post-sandy. a lot of gas stations aren't open, and those that are, they might as well have a red velvet rope at the entrance. >> took about two hours, i think. if you have to do it, you have to do it. this is the only place you can come and get gasoline. >> well, we've been waiting here for -- what? over two hours trying to get gas. we're working up in new york city with the flood relief trying to clean up some of that water. we haven't made it there yet. >>...
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Nov 19, 2012
11/12
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we'll see the effects of sandy in november, however. overall didn't change the good recovery we're seeing in october. take a look. existing home sales rose 2.1% month to month. that's slightly above expectations. that's because september's numbers were revised down slightly. the bigger story is supply. inventories are down a whopping 22% from a year ago to 2.41 million units. that's lower than any point since late 2005. that is the height of the housing boom. that is due to fewer distressed properties for sale and all that competition is pushing home prices higher. realtors report an 11% jump year over year in the median price. while some is the shift in what's selling to higher priced homes, because that's of course how medians work, fun fact is home sales higher than $500,000 are up 40%. they still make up less than 10% of the market. with all cash investors ruling this market coupled with tight supply, home builders are seeing much more business now. that pushed builder sentiment up to the highest level we've seen in six years. for m
we'll see the effects of sandy in november, however. overall didn't change the good recovery we're seeing in october. take a look. existing home sales rose 2.1% month to month. that's slightly above expectations. that's because september's numbers were revised down slightly. the bigger story is supply. inventories are down a whopping 22% from a year ago to 2.41 million units. that's lower than any point since late 2005. that is the height of the housing boom. that is due to fewer distressed...
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Nov 2, 2012
11/12
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again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral support and organizational support of the government, but the red cross would lead and go down. there was a very famous flood in "forgotten man" and my new book "the biography of coolidge," the flood of the mississippi. it was terrible. the president did not go down. that was coolidge. why not? he wanted the states and the private sector and the charities to take the lead. >> i got to leave it there. we're going to finish this conversation on the radio tomorrow. that's what we're going to. we're going to have more time. that's terrific. thanks. that's it for this evening's show. thanks for watching. stay tun
again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral...
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Nov 2, 2012
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and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. >>> welcome back to "squawk b " box." we're two hours away from the release of the jobs report for october.
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million...
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Nov 5, 2012
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we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which i
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's...
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Nov 5, 2012
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. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then china's congress convenes for once in a decade leadership change. that's not evening mentioning ecb. there's been some that have said this is potentially the highest concentration of risk of the entire year. >> i heard this. it's embarrassing to hear. what's happened the whole time is there are managements that have made money during this period and managements that have failed and models that have made money and models that have failed. i spent a lot of time this weekend going over the last five years of stocks. what i find is that you have
. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then...
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Nov 7, 2012
11/12
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. >> governor, how important was hurricane sandy to this whole story? romney had tremendous momentum after all three debates, okay. then comes hurricane sandy. the romney campaign is basically suspended for about five days. you've got president obama looking presidential and getting a bear hug with governor christie of new jersey. how much do you think that hurt the romney operation? >> larry, it froze the race in place for five or six days as you pointed out. the governor canceled several events in virginia as did the president. right thing to do. it did stem that tide of momentum i think a little bit in virginia. and certainly gave the president the chance to dominate a few news cycles to do what they needed to do and fema did a good job. even though most of the efforts state and local governments, president was out there doing the right thing. partisanship goes out the window during natural disasters. it hurt governor romney because he had five days he couldn't do anything. hopefully that won't hurt him in virginia. i still think we win by a couple.
. >> governor, how important was hurricane sandy to this whole story? romney had tremendous momentum after all three debates, okay. then comes hurricane sandy. the romney campaign is basically suspended for about five days. you've got president obama looking presidential and getting a bear hug with governor christie of new jersey. how much do you think that hurt the romney operation? >> larry, it froze the race in place for five or six days as you pointed out. the governor canceled...
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Nov 1, 2012
11/12
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
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Nov 8, 2012
11/12
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and finally, hurricane sandy, a huge october surprise. listen to this. 64% of voters cited it as an important factor with 62% of that vote going to the president. so like everybody, i congratulate president obama, but i'm going to spend the next few years watching him for free market principles of economic freedom. that's what i try to do to protect this great country of ours. moments ago house speaker john boehner re-elected to a 14th term in congress says he will consider tax increases as part of a zeal to tackle the fiscal cliff. to sort through this cnbc's eamon javers has the very latest. good evening, eamon. >> good evening, larry. in his first post-election televised comments today speaker of the house john boehner telling reporters that he's twoilg accept some increases in revenue as long as they come as part of the grand bargain on taxes and spending in washington that would include entitlement cuts as well as tax reform that would lower overall rates and broaden the base. here's the speaker earlier today. >> for the purposes of
and finally, hurricane sandy, a huge october surprise. listen to this. 64% of voters cited it as an important factor with 62% of that vote going to the president. so like everybody, i congratulate president obama, but i'm going to spend the next few years watching him for free market principles of economic freedom. that's what i try to do to protect this great country of ours. moments ago house speaker john boehner re-elected to a 14th term in congress says he will consider tax increases as...
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Nov 8, 2012
11/12
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nor'easter athena certainly adding to the squeeze that was started by hurricane sandy last week. according to the department of energy the number of gas stations in the new york metropolitan area that do not have gas has actually risen in the last two days after declining. the question is are the long lines about to get longer and what does that mean for the price at the pump? let's start talking futures now. rachel chisholm is at the cme at chicago and anthony grisanti at the nymex in new york. gris, how much is athena related? >> athena and sandy, there's a window for lower gasoline prices and i'm afraid that window and closing rapidly and we started out before sandy and athena and the lowest level since the year 2000 on the east coast and now you add the problems of the refinery taking four more weeks to restart and we'll add to the deficit in gasoline supplies. >> hey, rich, to what extent are the seasonal factors going to determine gas' next move? >> jackie, take a look at the chart. we gave you a three-week chart and you simply look at the november price ban. and you buy it
nor'easter athena certainly adding to the squeeze that was started by hurricane sandy last week. according to the department of energy the number of gas stations in the new york metropolitan area that do not have gas has actually risen in the last two days after declining. the question is are the long lines about to get longer and what does that mean for the price at the pump? let's start talking futures now. rachel chisholm is at the cme at chicago and anthony grisanti at the nymex in new...
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Nov 13, 2012
11/12
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saks expects sandy to hit negatively in the fourth quarter. is the department store trend going to be more negative going forward? these big box mall anchors? >> i think it's all, you know, individual, you know, company names here. i think last week versus this week, you've had couple companies. this morning, kors and saks, both saying that the past few days, business has bounced back. i think this is a really, really critical week for retail sales, ahead of black friday and next week, to see if business does bounce back. not only here in the northeast, but throughout the country, post the election, with all these fiscal cliff concerns. if we can see the consumer come back here this week, i think you'll see retail stocks really start to rally toward the end of the week. >> we're going to get on thursday, target earnings, along with walmart and dollar tree. those will be closely watched. on the list here, target's your only buy. so you like it. you price target there, 68 bucks. tell us why, whereas walmart is a hold, for example. >> yeah, i mea
saks expects sandy to hit negatively in the fourth quarter. is the department store trend going to be more negative going forward? these big box mall anchors? >> i think it's all, you know, individual, you know, company names here. i think last week versus this week, you've had couple companies. this morning, kors and saks, both saying that the past few days, business has bounced back. i think this is a really, really critical week for retail sales, ahead of black friday and next week, to...
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Nov 29, 2012
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>> i think hurricane sandy had an impact in the first week, ten days in the northeast. when you speak to kohl's they were weak across the country. you could say it's part of the election results. i think there are just issues that are there. i think it was just disappointing. fw again, it's a long holiday season. the hope is, and hope and prayer is you're going to have a better december. i think some of them will. what you want to look at, even though the department stores were all negative today, a lot of the apparel retailers were positive. 5%, 10%. that's a positive sign. >> quick comment on tiffany. huge miss. stock's a mess. is this company specific or is it luxury that we need to watch out for? >> i think it's, "a," it's company specific. i think it's luxury you want to watch. if any consumer is watching this fiscal cliff, it's really the luxury customers. it's not the american eagle customers. the american eagle customers think fiscal cliff is really a rock climbing event. >> steve, good to have you on the show as always. >> thanks a lot. >> murph, what do you do
>> i think hurricane sandy had an impact in the first week, ten days in the northeast. when you speak to kohl's they were weak across the country. you could say it's part of the election results. i think there are just issues that are there. i think it was just disappointing. fw again, it's a long holiday season. the hope is, and hope and prayer is you're going to have a better december. i think some of them will. what you want to look at, even though the department stores were all...
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Nov 6, 2012
11/12
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>> it has been up in the air because of hurricane sandy. what happens once we know who the president is. that is when the work begins, fiscal cliff, foreign policy and supreme court seats. >> the next federal reserve. >> everyone thinks their vote matters, though, i think this time because it is so close. it is a uniquely -- i felt good my kids went with my wife and were in the curtain and saw everything. scott had to stand on the side where you couldn't get close to the button. >> did you have a -- >> it was a total make shift where i voted. you had to write it down first and then scan. >> if you are in manhattan you don't need a curtain. >> the guy who was helping out said let me see your sheet. i said no. >> you have to bubble in these things like you are doing the s.a.t.s. people can see what you are doing. >> don't need a curtain in new york. obama. >> i saw some obamas. >> thank you. 7:00. you and carl will be getting us through until we know who won. >>> when we come back the election and the fiscal cliff, the chairman and ceo of pmc
>> it has been up in the air because of hurricane sandy. what happens once we know who the president is. that is when the work begins, fiscal cliff, foreign policy and supreme court seats. >> the next federal reserve. >> everyone thinks their vote matters, though, i think this time because it is so close. it is a uniquely -- i felt good my kids went with my wife and were in the curtain and saw everything. scott had to stand on the side where you couldn't get close to the...
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Nov 6, 2012
11/12
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we'll see the impact of sandy. >> i think sandy is going to confuse everything. they lost a warehouse for a while. i think the stock has been completely bloody. good for a trade. >> goldman's take is data will be so noisy over the next few weeks that you might start to rely on softer numbers like consumer confidence or things that aren't as rigid as retail sales. >> i think that one of the things that matters is people forget that my father has been in retail for years. there's an 80-day window of which 30 really matter. if you don't get those, you have to sell these stocks. you need thanksgiving to christmas. >> all right. we'll see you tonight. >> thank you. >> of course coverage begins from 5:00 to 7:00 -- >> i have the air mattress ready. >> when it comes to betting on the election, how should you play gold depending on who wins the presidents whycy? we'll talk to randi zuckerberg, the sister of mark zuckerberg. her tv show premiered on bravo last night. we'll talk to her about that too when we come back. nobody said an all-in-one had to be bulky. or that you
we'll see the impact of sandy. >> i think sandy is going to confuse everything. they lost a warehouse for a while. i think the stock has been completely bloody. good for a trade. >> goldman's take is data will be so noisy over the next few weeks that you might start to rely on softer numbers like consumer confidence or things that aren't as rigid as retail sales. >> i think that one of the things that matters is people forget that my father has been in retail for years....
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Nov 9, 2012
11/12
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. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels,
. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a...
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Nov 7, 2012
11/12
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i think sandy has helped as home building. look at wood and cut. >> pete najarian, i believe you answered my question in the affirmative. you would step into coal here? >> disagree with josh. i like the coal names, specifically the ones that have exposure with the asian markets. i actually jumped into cliffs today. today was the opportunity, i think. i'm not necessarily calling a bottom. i think there could be selling pressure. of course there could be. the exposure they got to the asian markets, i think we are seeing the chinese markets trading better each day. australia did not lower the rates. there's a lot of reasons that the global economy outside of europe is looking better and i think the names exposed to those areas could do very well. >> all right, pete. thanks very much. apple shares drifting into bear market territory, falling pretty sharply. down 20% from the all-time highs. we're going to get to the core of what is driving the stock lower. what is a fast money without some kind of apple? plus, is the fear trade ba
i think sandy has helped as home building. look at wood and cut. >> pete najarian, i believe you answered my question in the affirmative. you would step into coal here? >> disagree with josh. i like the coal names, specifically the ones that have exposure with the asian markets. i actually jumped into cliffs today. today was the opportunity, i think. i'm not necessarily calling a bottom. i think there could be selling pressure. of course there could be. the exposure they got to the...
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Nov 27, 2012
11/12
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he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars in losses. the lawsuit alleges that hp management concealed the problems and another recent acquisition which we've talked about, electronic data, in an attempt to boost hp stock price. meantime in the "wall street journal," former employees, business partners and attorney attorneys say it's not difficult to conclude that the company autonomy's accounting was overly aggressive, they say such behavior tip filed autonomy long before hp bought it. and mike lynch says the company's culture was aggressive. >> they start off talking about how originally the ceo put up a si
he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars...
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Nov 13, 2012
11/12
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hurricane sandy would have knocked all of those out. right now those states are asking for gasoline. not solar panels or windmills. >> diana, just one last regulatory obstacle while we are on the subject. obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers part time and as a result they are going to be all these additional part-time workers for americans who want full-time jobs. it is absolutely outrage house is this why all these big companies, i mean, not just fast food companies. it is industrial companies and it is media companies and it is -- is this why they are already laying off workers? >> there are -- that's one reason. larger industrial companies that provide health insurance are going to find there are winners in ending their own health insurance and dumping their work others the exchange and payin
hurricane sandy would have knocked all of those out. right now those states are asking for gasoline. not solar panels or windmills. >> diana, just one last regulatory obstacle while we are on the subject. obama care. obama care. now, i know -- >> that's a major regulatory obstacle because if you move from 49 to 59 workers and don't have the right kind of health insurance you have to pay $2,000 per worker per year. the only way you can get out of it is by making the full-time workers...
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Nov 26, 2012
11/12
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. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've stepped up and we're doing everything possible to put their hard earned dollars to work. this has been a massive operati operation. we've served 7.3 million meals and snacks in four weeks. in terms of how it will impact giving we recently did a survey and what we learned is that three out of four people who donated to hurricane sandy will continue to step up during the holiday and donate to their favorite charity and 90% of the people that provided political contributions plan to donate to charities as well which was very heartwarming because i know that everyone in the no
. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've...
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Nov 15, 2012
11/12
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as the president toured the impact zone, our first look at the bite sandy is taking out of the economy. the numbers reported this morning. sue herera live from the schwab impact conference in chicago with advice on how you can protect your portfolio against the fiscal cliff. now back to scott. >>> steve, at the top of the hour. have a bit of breaking news. we want to get out to phil lebeau. he's with sergio marcioni. >> i am. sergio marcione, the christ ler fee at man. the guy who has his fingers on the u.s. pulse and the european economy. you know how bad things can be in europe and how bad they are. you know what we're facing in the u.s. how concerned are you about the possibility of a fiscal cliff and what would happen to the auto industry if we approached that and went over that fiscal cliff? >> the second part of your question is almost -- there are a variety of possible outcomes. i have the utmost faith in the leadership here, however, it goes beyond the question of cars. the world is truly dependent. the americans don't understand how the world looks at the stability of the mark
as the president toured the impact zone, our first look at the bite sandy is taking out of the economy. the numbers reported this morning. sue herera live from the schwab impact conference in chicago with advice on how you can protect your portfolio against the fiscal cliff. now back to scott. >>> steve, at the top of the hour. have a bit of breaking news. we want to get out to phil lebeau. he's with sergio marcioni. >> i am. sergio marcione, the christ ler fee at man. the guy...
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Nov 20, 2012
11/12
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economists are expecting a 4.2% drop and a report likely impacted by superstorm sandy. fed chairman ben bernanke is talking about the economic recovery today, we hope so. he'll have our lunch time address the economic club of new york and that starts at 12:45 eastern. >> harold ford jr., reasonable and good friend, joe watkins, white house aide to former president george h.w. bush. >> you didn't say he's reasonable. >> joe is right, but harold has potential. >> joe and i have known each other for almost 20 years, go back to university of pennsylvania, but joe and i have been friends for a long time. >> you'with you we'll talk fisc cliff in a second but you want to do a postmortem? >> you can't win without women, and can't win without latinos, you can't win without young people. you can't win on a single issue, and i just think there were a host of challenges. for me, the whole time, the sense that i had was that it was obama's race to lose, that he had the advantage. anybody look at the electoral college would have to say there were seven or eight easy ways for the pres
economists are expecting a 4.2% drop and a report likely impacted by superstorm sandy. fed chairman ben bernanke is talking about the economic recovery today, we hope so. he'll have our lunch time address the economic club of new york and that starts at 12:45 eastern. >> harold ford jr., reasonable and good friend, joe watkins, white house aide to former president george h.w. bush. >> you didn't say he's reasonable. >> joe is right, but harold has potential. >> joe and i...
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Nov 23, 2012
11/12
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the only thing i'm seeing is maybe sandy gives a little boost. everybody is still in that 1% to 1.5% range. maybe the market get excited on revision of third quarter but i suggest it shouldn't if fourth quarter will be a 1.5% economy. >> i tell you what, if we get a 2.8 revision, i would venture to say you'll see at least a 7 to 10 basis point move in a ten-year note yield. whether it lasts or not is a big deal. it's worth 7 to 10 basis points if you -- >> jim, chime into this. we know this revision is coming because we've had the other reports that have told us the missing pieces we had from third quarter as it was printed. it should not be a surprise to the market. as we all know, sometimes the market doesn't know what it should know and it gets excited about things it ought to have known. >> the thing that struck me in the conversation is to me when you think of 2.8% gdp, that sounds so fantastic considering what we're used to. realistically, it's sluggish. whether 2.8 or 2.2, we expect the fed to be involved because they told us they need bet
the only thing i'm seeing is maybe sandy gives a little boost. everybody is still in that 1% to 1.5% range. maybe the market get excited on revision of third quarter but i suggest it shouldn't if fourth quarter will be a 1.5% economy. >> i tell you what, if we get a 2.8 revision, i would venture to say you'll see at least a 7 to 10 basis point move in a ten-year note yield. whether it lasts or not is a big deal. it's worth 7 to 10 basis points if you -- >> jim, chime into this. we...
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Nov 19, 2012
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distunks of the highest average price $4.18 a gallon, in large part because of the impact of superstorm sandy and if you could get gas there you'd be willing to pay much nor it. >>> the fifth and final "twilight" movie had $141 million in north american ticket sales its debut weekend wasn't the biggest in the series but it was the eighth largest domestic opening on record. joe? >>> we are talking this morning about what washington can do to avoid going over the fiscal cliff, and we're joined once again by our guest host jeremy siegel, finance professor at the wharton school in pennsylvania and jeremy, you're not a new normal guy. you think 3% to 4% is, we deserve that? don't you into ed to earn that somehow? you need to earn success. you think it just happens in this country? >> we grew in the '90s 3% to 4% and most of the post-war period. 3% to 4% from this high unemployment would be disappointing. normally we'd bounce back from recessions growing 5% to 6%. >> it doesn't matter who is in the white house or what policies they're pursuing. >> i think it matters but i don't think it's the overw
distunks of the highest average price $4.18 a gallon, in large part because of the impact of superstorm sandy and if you could get gas there you'd be willing to pay much nor it. >>> the fifth and final "twilight" movie had $141 million in north american ticket sales its debut weekend wasn't the biggest in the series but it was the eighth largest domestic opening on record. joe? >>> we are talking this morning about what washington can do to avoid going over the...
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Nov 27, 2012
11/12
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consumer column here and, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would solve problems we have in america and people have no idea that general low income americans have no idea i would suggest that the fiscal cliff is on its way. no wonder they are out there spending money. no wonder. >> i wouldn't make a distinction between what low income americans or high income americans know less than anyone around the scale. on the other hand, simon, it may be that people think they'll solve this problem and it's not going to affect them given the pledge by the president not to allow the tax increases and spending cuts to hit people $250,000 and below. that's a distinct possibility. i would also p
consumer column here and, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would...
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sandy is ongoing. the winds of sandy are still blowing in many ways. and almost every moment, there is a new reminder of why. we just got this video of a fire crew out on long island the night that sandy hit, surrounded by water, battered by wind and facing a wall of flames. take a look. >> what about the downed wires? >> watch the wires over your head. >> here comes the wind. >> the block is pitch black. >> imagine that, fighting fire in the midst of all that water. the fire is out. the homes destroyed. power is out to more than 635,000 long island customers. for those 635,000 people, it is still a disaster. still a disaster as well for hundreds of thousands in new york's west chester county who might not see power for another nine days. in lower manhattan, they're at what could be billions of dollars in damage. andrew cuomo took me for a rare look at inside. >> when you saw the water coming in monday night, what went through your mind? >> it was one of the most frightening things. i mean, it was truly frightening, to say the least. all you hear is wa
sandy is ongoing. the winds of sandy are still blowing in many ways. and almost every moment, there is a new reminder of why. we just got this video of a fire crew out on long island the night that sandy hit, surrounded by water, battered by wind and facing a wall of flames. take a look. >> what about the downed wires? >> watch the wires over your head. >> here comes the wind. >> the block is pitch black. >> imagine that, fighting fire in the midst of all that...
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Nov 10, 2012
11/12
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. >>> people who were made homeless by superstorm sandy are finding some relief courtesy of fema. fema has set up a temporary shelter camp in new jersey that looks like a massive tent city. it houses more than 200 people affected by the storm, as well as thousands of utility workers and first responders. thousands of them. but fema officials say sandy evacuees will be moved into better housing this week. >>> number five now, the ceo of the popular southern restaurant chain waffle house has been accused of sexual improprieties by his former assistant. she is accusing him of "performing sexual services including inappropriate touching and appearing naked in front of her for the nine years she worked for him. rogers has not responded to the claims. >>> voters in two states, washington state and colorado, voted to legalize marijuana for recreational use. we're not talking about medicine, but simply to get high for fun. check out some of the reaction in colorado this week. >> i am feeling amazing. this is the best day i've seen in my life. >> obviously, it's always nice to be right. so
. >>> people who were made homeless by superstorm sandy are finding some relief courtesy of fema. fema has set up a temporary shelter camp in new jersey that looks like a massive tent city. it houses more than 200 people affected by the storm, as well as thousands of utility workers and first responders. thousands of them. but fema officials say sandy evacuees will be moved into better housing this week. >>> number five now, the ceo of the popular southern restaurant chain...
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and now, picking up the pieces from sandy. staten island is a 60 square mile portion of new york city and it suffered some of the worst devastation from the storm. 19 of the city's deaths happened on staten island and today, i toured some of the hardest hit areas and spoke with residents just beginning to pick up the piecing of their shattered lives. this is quincy avenue and you still can't get close to house number 845. that's where barbara and her son, christopher, barely survived the storm. >> we stayed 11 hour onss on the roof. we kept yelling help to everyone we see. nobody was coming. nobody. >> their neighborhood, destroyed. the water rose feet in just minutes. they escaped with their lives, but suffered unimaginable loss. >> we were told the next day, looking for my sister, she was found dead in her apartment -- we have to get her from brooklyn and try to bury her. >> at the shelter, we saw about 250 people with no place to go and there are others still unaccounted for. congressman michael grim represents all of state
and now, picking up the pieces from sandy. staten island is a 60 square mile portion of new york city and it suffered some of the worst devastation from the storm. 19 of the city's deaths happened on staten island and today, i toured some of the hardest hit areas and spoke with residents just beginning to pick up the piecing of their shattered lives. this is quincy avenue and you still can't get close to house number 845. that's where barbara and her son, christopher, barely survived the storm....
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superstorm sandy has crippled that system. there is catastrophic damage to underground tracks and equipment. the mta says it is too early to tell whether full service will return and be fixed. millions of commuters use the system every day. commuters relied on buses, cars and cabs if you were lucky enough to find them. there was gridlock as bad as we have ever seen. look at a live shot of columbus circle south of central park on the west side. central park still remained closed. it has been like this all day. one of the reasons is that crane is still dangling over 57th street and that is creating the massive traffic jam around the circle. jason joins me from the queensboro bridge. i talked to you earlier today and most people have given up trying to get a vehicle they were walking. >> oh, yeah, it has been a frustrating day for thousands of commuters making their way across the bridge. you can look through the traffic people still making their way at this hour even at 8:00. it is the only way for a lot of these people to get h
superstorm sandy has crippled that system. there is catastrophic damage to underground tracks and equipment. the mta says it is too early to tell whether full service will return and be fixed. millions of commuters use the system every day. commuters relied on buses, cars and cabs if you were lucky enough to find them. there was gridlock as bad as we have ever seen. look at a live shot of columbus circle south of central park on the west side. central park still remained closed. it has been...
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the flames fanned by the powerful winds of sandy. we'll be right back. [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> we learned today, the giant fire that devastated the new york city community of breezy point was even more destructive than first believed. fire officials upped the number of homes destroyed to 110. flames were fanned by the gale force winds of sandy. and today, search and rescue teams scoured debris, checking for victims. i'm joined by matt long, a former new york firefighter who lost his home in the fire. it's a miracle he's alive after th
the flames fanned by the powerful winds of sandy. we'll be right back. [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin'...
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they have been impacted by hurricane sandy when it comes to power outages. the darker the color means the higher number of people without power. we know new york and new jersey are likely to go democratic. but let's walk over to pennsylvania here and look at this. you see this down here? let me help you understand this chart a little bit. this explains the darker the color, the higher the number of people without power. as we come back to pennsylvania, i want to show you something. it's obvious to the naked eye. in this area here is where you see more people without power. scranton, philadelphia, in the suburbs. about 100,000 out of power in philadelphia and montgomery and bucks county alone. let's look at how they voted in the last election. if the problems persist, right there that tells you more of a problem for the president. if there's no power at polling stations. if people just decide too much hassle, i can't vote. pennsylvania is an absentee ballot state but not ann early voting state. let's move over to ohio. this is a place where the obama campaign
they have been impacted by hurricane sandy when it comes to power outages. the darker the color means the higher number of people without power. we know new york and new jersey are likely to go democratic. but let's walk over to pennsylvania here and look at this. you see this down here? let me help you understand this chart a little bit. this explains the darker the color, the higher the number of people without power. as we come back to pennsylvania, i want to show you something. it's obvious...
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the flames fanned by the powerful winds of sandy. we'll be right back. >>> we learned today the giant fire that devastated the new york city community of breezy point, which we have been covering now for days, was even more destructive than first believed. fire officials upped the number of homes destroyed to 110. those flames were fanned by the gale-force winds of sandy as it pounded the region. today teams scoured the debris checking for victims. i'm joined by a former new york firefighter who lost his home in that fire. it is a miracle he's alive after this disaster and in 2005 he amazingly survived another brush with death. he was nearly killed when his bike was hit by a 20-ton bus and sucked underneath it. this is one of new york's ultimate survivors. appreciate you being with us. i'm so sorry for your loss. how are you holding up? >> thank you, anderson. we are doing as well as can be expected. >> i know you went back home after the fire. is there anything that was salvageable? >> no. not at all. my street was right in the midd
the flames fanned by the powerful winds of sandy. we'll be right back. >>> we learned today the giant fire that devastated the new york city community of breezy point, which we have been covering now for days, was even more destructive than first believed. fire officials upped the number of homes destroyed to 110. those flames were fanned by the gale-force winds of sandy as it pounded the region. today teams scoured the debris checking for victims. i'm joined by a former new york...
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Nov 18, 2012
11/12
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and this year, about 000 hurricane sandy victims will get seats and bleachers along the parade route. then friday, shop til you drop, black friday retailers expect an increase of 3% from last year's sales. >>> and that will do it for me. cnn "newsroom" continues right now with don lemon. have a great week. >> you have a great week. thank you, gary, have a great week, as well i'm don lemon. you're in the cnn "newsroom," with millions of people on edge and a region the brink of war, the eyes of the world are watching to see what will happen next between israel and hamas. but for now, the rockets just keep flying. and it's civilians who are caught in the cross fire. hamas says ten members of the same family were killed during an israeli air strike in gaza, their house reduced to rubble. israel says it was targeting a top militant. on the other side of the border, air raids sounded in israel's largest city for the third time in as many days. but the rocket aim for tel aviv was intercepted. cnn's cedrick prankins was where air raid sirens went off. one sounded when i was on the air with cn
and this year, about 000 hurricane sandy victims will get seats and bleachers along the parade route. then friday, shop til you drop, black friday retailers expect an increase of 3% from last year's sales. >>> and that will do it for me. cnn "newsroom" continues right now with don lemon. have a great week. >> you have a great week. thank you, gary, have a great week, as well i'm don lemon. you're in the cnn "newsroom," with millions of people on edge and a...
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the death toll from sandy is now up to at least 48 people in eight states, and nearly 6 million people in 15 states and the nation's capital are still without power tonight. also today president obama got a firsthand look of the jersey shore, one of the areas hardest hit by sandy. he was accompanied by new jersey governor chris christie. here they are in a photo just released by the white house within the past hour on marine one. the president said he will help. >> we are here for you and we will not forget, we will follow up to make sure that you get all the help that you need until you've rebuilt. >> the iconic boardwalk and seaside heights, new jersey, is just one of the places the president saw today. it's a landmark made famous by bruce springsteen, mtv and "the sopranos." this is before and after, to give you a sense of what's happened. it's not even all there. you can see the rides including the roller coaster have been washed away sitting in the ocean. michael holmes is just across the bay in toms river, new jersey. you were in seaside heights, you toured it, what did you see?
the death toll from sandy is now up to at least 48 people in eight states, and nearly 6 million people in 15 states and the nation's capital are still without power tonight. also today president obama got a firsthand look of the jersey shore, one of the areas hardest hit by sandy. he was accompanied by new jersey governor chris christie. here they are in a photo just released by the white house within the past hour on marine one. the president said he will help. >> we are here for you and...
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thank you. >> all right, thousands lost everything in superstorm sandy. it is a situation that is hard for the rest of us to even imagine. we've seen the physical impactmeimpact. up next, we're going to talk about what the survivors may be deal with, psychologically. >> we lost our house, our pool, and god only knows what else. >> unbelievable, like a war zone. >> i'm not exactly sure where to go from here besides calling the insurance company. >> that is the first step, then comes calculating the loss and cashing the check. in sandy's wake, tens of thousands of homeowners are now asking if a tree falls in a hurricane who pays? >> if the tree hits your house, you call your insurance company, and file a claim. you're going to be covered for the damage that that tree does to your house, for anything that is in the house, and for the cost of removing that tree. >> jean salvatore of the insurance institution. >> wind is one of those standard disasters that is covered. >> reporter: with sandy's wind came water. >> most people buy flood insurance from the natio
thank you. >> all right, thousands lost everything in superstorm sandy. it is a situation that is hard for the rest of us to even imagine. we've seen the physical impactmeimpact. up next, we're going to talk about what the survivors may be deal with, psychologically. >> we lost our house, our pool, and god only knows what else. >> unbelievable, like a war zone. >> i'm not exactly sure where to go from here besides calling the insurance company. >> that is the first...
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the flames fanned by the powerful winds of sandy. we'll be right back. ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ tyou wouldn't want your adoctor doing your job, hello... so why are you doing hers? only your doctor can determine if your persistent heartburn is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. talk to your doctor about the risk for osteoporosis-related bone fractures and low magnesium levels with long-term use of nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. let your doctor do her job. an
the flames fanned by the powerful winds of sandy. we'll be right back. ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ tyou wouldn't want your adoctor doing your job, hello... so why are you doing hers? only your doctor can determine if your persistent heartburn is...
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people are helping victims of sandy in near record numbers. officials from the american red cross say this is the biggest outpouring of donations for any u.s. disaster in the last six years. that's this week's getting down to business. >>> it is time, now, for no talking points. the art of the political dodge, seems all politicians are skilled at it. with debate coaches, aides, analysts, speech writers, they should be. dodging that troubling question can be just as important as providing that game-changing, momentum-building moment. for example. there's a topic change. >> texas has one of the highest rates of uninsured children in the country. over 1 million kids, you did not get an opportunity to respond to that. what do you say to -- how do you explain that? >> you can't have access to some of the finest health care in the world. but we have a 1,200-mile border with mexico, and we have a huge number of illegals coming into this country. and they're coming into this country because the federal government has failed to secure that border. >> t
people are helping victims of sandy in near record numbers. officials from the american red cross say this is the biggest outpouring of donations for any u.s. disaster in the last six years. that's this week's getting down to business. >>> it is time, now, for no talking points. the art of the political dodge, seems all politicians are skilled at it. with debate coaches, aides, analysts, speech writers, they should be. dodging that troubling question can be just as important as...
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now to the latest on superstorm sandy. there are reports that at least 22 million gallons of gas are headed to the northeast to relieve in the shortages. gas rationing got under way in new jersey in 12 counties in an effort to cut down on wait times. people there had been waiting in miles along lines for hours to gas up their cars and get fuel for their generators. >>> all right. some voters in new jersey will face a pretty big election day challenge because of superstorm sandy. five days after the storm polling station managers are working to make sure the voting goes as smoothly as it possibly can. joining me right now explain what they're doing is dennis kovitz, president of the new jersey association of election officials. good to see you. >> hi. thanks for having us here. >> okay. this is a huge undertaking. a colossal challenge. how do you even go about it? it would seem that so many people in new jersey are so inundated with personal problems and worries, the last thing they're thinking about is election day. so how
now to the latest on superstorm sandy. there are reports that at least 22 million gallons of gas are headed to the northeast to relieve in the shortages. gas rationing got under way in new jersey in 12 counties in an effort to cut down on wait times. people there had been waiting in miles along lines for hours to gas up their cars and get fuel for their generators. >>> all right. some voters in new jersey will face a pretty big election day challenge because of superstorm sandy. five...
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farmers urged to keep thurow records due to hurricane sandy. morris county, emergency shelters, charging stations. there was a story out of west virginia because the storms moved through there and there were homes that were destroyed we barely heard about that. so i think the new york media capital and also the sheer size and scope of it sucked this coverage in. >> and even in new york city -- i mean manhattan, it took people four days to realize staten island has been totally devastated. and it took a while for journalists to get to that story. >> the media capital censored in times square and downtown and when you're going into work, literally what you're seeing is the story. >> you know the landmarks and the subways. >> but it took the mayor a way to get there. >> and it's the most populated area so it was affected. it's not like it wasn't a story. it took a while for it to par e radiate out. >> the coverage of "bloomberg business week" if we can put that up, quit it's global warming, stupid." and the story said while no particular story cou
farmers urged to keep thurow records due to hurricane sandy. morris county, emergency shelters, charging stations. there was a story out of west virginia because the storms moved through there and there were homes that were destroyed we barely heard about that. so i think the new york media capital and also the sheer size and scope of it sucked this coverage in. >> and even in new york city -- i mean manhattan, it took people four days to realize staten island has been totally devastated....
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is it too soon to be campaigning after superstorm sandy? you can click yes, they should focus on helping storm victims, or, no, the election is just a few days away. we're going to share your responses later in the hour. >>> superstorm sandy's impact on politics just a small hiccup compared to the tragedy that many people are now trying to overcome. >> it's rough. emotionally it's devastating. >> i'm going -- >> we'll take a look at all the damage. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for t
is it too soon to be campaigning after superstorm sandy? you can click yes, they should focus on helping storm victims, or, no, the election is just a few days away. we're going to share your responses later in the hour. >>> superstorm sandy's impact on politics just a small hiccup compared to the tragedy that many people are now trying to overcome. >> it's rough. emotionally it's devastating. >> i'm going -- >> we'll take a look at all the damage. i'm a conservative...
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businesses, also, that hadn't lost it during sandy or had just gotten it back, out again. storm surges threatening the water front areas and parts of connecticut that today have more than a foot of snow. cnn's deb feyerick is in the community of gerrittson beach in brooklyn. how the do things look there now, deb? >> reporter: you know, they don't look that great, actually, ashleigh. this entire area was under water after the hurricane. now it is covered with snow. look down this way. okay. the water is at the end of this block. cars coming up to us right now. but the water was at the end of the block. it was not considered an evacuation zone, zone a,because of the fact that there's a parkway and they felt that would break the wave. it didn't. now people are describing it as a mini tsunami that they were running to try of get away from it. by the time they were able to get any evacuation orders, one man said he was up to his chest and it was simply too late. they didn't get the word. over here, you've got a light, a generator that's lighting up this area. a relief center. o
businesses, also, that hadn't lost it during sandy or had just gotten it back, out again. storm surges threatening the water front areas and parts of connecticut that today have more than a foot of snow. cnn's deb feyerick is in the community of gerrittson beach in brooklyn. how the do things look there now, deb? >> reporter: you know, they don't look that great, actually, ashleigh. this entire area was under water after the hurricane. now it is covered with snow. look down this way....
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sandy was not classified as a hurricane when it hit. this allows governors to declare that homeowners are exempt from the insurance deductible saving as much as 5% of the homes values. it's not so great for businesses. businesses that help companies that lose revenue because of an unexpected shutdown, but it doesn't cover businesses that just lose power. the donation for relief efforts is rolling in. people are helping victims of sandy in near record numbers. that's this week's getting down to business. >>> it is time now for no talking points. the art of the political dodge, seems all politicians are skilled at it. with debate coaches, aids, analysts, speech writers, they should be. dodging that troubling question can be just as important as providing that game changing momentum building moment. for example. there's a topic change. >> texas has one of the highest rates of uninsured children in the country. over 1 million kids, you did not get an opportunity to respond to that. what do you say to -- how do you explain that? >> you can't
sandy was not classified as a hurricane when it hit. this allows governors to declare that homeowners are exempt from the insurance deductible saving as much as 5% of the homes values. it's not so great for businesses. businesses that help companies that lose revenue because of an unexpected shutdown, but it doesn't cover businesses that just lose power. the donation for relief efforts is rolling in. people are helping victims of sandy in near record numbers. that's this week's getting down to...
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not too far away, another family, another tragedy caused by sandy. in nearby pearl river, jeffrey channon, 51 years old, a retired new york city police sergeant was home with his wife and children when a tree fell on their house. police say the power of the falling tree was so great that his body was forced from an upper floor to the ground. he was found outside his home pinned underneath the tree. his wife and daughters were badly injured. his son called 911. on staten island, the scene of so much heartbreak, another wrenching story. enormous waves churned by sandy overcame the home of george dresh in the island's tottenville section. the local newspaper, "the staten island advance" was given this photo of george a year ago. that's him on the far left with the white gloves. he had been helping to clean up after hurricane irene. this time, neighbors told the newspaper that he stayed because a family's home had been looted a year ago when irene had struck and this is what was left after the storm moved on. total destruction. he was killed and so was h
not too far away, another family, another tragedy caused by sandy. in nearby pearl river, jeffrey channon, 51 years old, a retired new york city police sergeant was home with his wife and children when a tree fell on their house. police say the power of the falling tree was so great that his body was forced from an upper floor to the ground. he was found outside his home pinned underneath the tree. his wife and daughters were badly injured. his son called 911. on staten island, the scene of so...